Today
Meta, Apple drive Nasdaq, S&P 500 to record highs
Investors continue to press tech valuations higher bolstered by renewed bets that the Federal Reserve is closer to a rate pivot.
- Updated
- Timothy Moore
Yesterday
Labour landslide; Starmer should worry Albo; Stock picker’s $46m spree
Read everything that’s happened in the news so far today.
The next global investing megatrend: war stocks
Governments around the world are ramping up military spending – and fund managers are positioning accordingly.
- Joshua Peach
Banks, miners drag shares lower; Magellan, GQG jump
Shares lose 0.1pc. $A gains as traders eye RBA. UK’s FTSE rallies on Labour govt. Wall St closed. US jobs data, French elections ahead. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Alex Gluyas and Joanne Tran
ASX to slip, FTSE 100 rallies
Australian shares are set for a modestly weaker start. UK markets were higher awaiting confirmation of a Labour majority. US markets closed. Bitcoin slides anew.
- Updated
- Timothy Moore
This Month
Banks, REITs will only get cheaper as outlook darkens: fundies
Australian fund mangers Merlon Capital, Lazard Asset Management, Australian Eagle and Blackwattle share their best stock picks for FY25.
- Joanne Tran
Why Forager exited Meta after the stock surged 194pc
Portfolio manager Harvey Migotti oversaw a 21 per cent 2023-24 return. He reveals how the big returns from Meta were redeployed into quality compounders of the future.
- Joanne Tran
Santos takeover talks; What will Keir Starmer do?; Trophy home record
Read everything that’s happened in the news so far today.
Phil King’s Regal Partners set for major payday after banner year
Soaring funds under management and strong performance pushed fees at the investment house, which has snapped up several rivals this year, to record levels.
- Joshua Peach
Miners boost shares; Santos jumps, bitcoin sinks again
Shares rise 1pc. Lendlease, Stockland deal faces ACCC opposition. Magellan jumps. Japanese shares, Nasdaq hit record high. Gold, oil climb. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Alex Gluyas, Joanne Tran and Joshua Peach
ASX to surge, Santos attracts two potential suitors
Australian shares are set to rise 0.9pc. Nvidia, Tesla pace S&P 500 and Nasdaq to record closing highs. BHP, Rio rally in New York. Iron ore gains 3.1pc.
- Updated
- Timothy Moore
JPMorgan’s Kolanovic to exit amid string of poor stock calls
The Wall Street firm’s chief global market strategist and co-head of global research is leaving the bank, according to an internal memo obtained by Bloomberg.
- Alexandra Semenova
- Analysis
- Investing
Ackman’s huge new fund offers zero fees, with a catch
The hedge fund king known for monster returns is set to market up to $US26 billion worth of shares to retail investors with zero fees for 12 months.
- Tom Richardson
Three ASX stocks to ride out the retail rebound
As retail sales data tops market expectations, Morningstar says some beaten-up retailer stocks may be ripe for a recovery.
- Joshua Peach
Investors dodge the ASX as a rate rise looms
Australia’s sharemarket is falling further behind its global peers as the risk of a rate rise threatens earnings and performance.
- Alex Gluyas
Biden’s debate confession; Retail sales rise; Crucial super trick
Read everything that’s happened in the news so far today.
ASX rises as miners rally; Liontown drops 5pc
Shares advance at the closing bell; retail sales increased 0.6 per cent; Woodside trumps Santos in RBC’s global energy picks; Powell bolsters case for rate cuts. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Alex Gluyas and Sarah Jones
ASX to rise, S&P 500 closes above 5500 for first time
Australian shares are set to edge higher. Tesla surges 10pc, Apple also extended its rally. The Fed boss said disinflation is intact in the US.
- Updated
- Timothy Moore
Tesla surges as quarterly deliveries fall less than expected
Shares in the EV maker leapt 10.2 per cent after it reported that it delivered 443,956 vehicles in the second quarter.
- Kara Carlson and Dana Hull
- Analysis
- Pets
Meme stock kingpin’s latest play has hit a brick wall
The man behind the GameStop mania of 2021 has a new $US250 million bet: pet food retailer Chewy, but it isn’t going to plan.
- Nick Bonyhady